Tag: Yuan
Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says
By Judy Chen
March 10 (Bloomberg) — China should let the yuan rise 3 percent against the dollar in 2009 to deter capital outflows and help the country make overseas acquisitions, saidWang Jian, a researcher affiliated with the nation’s top planning agency.
Posted: March 10th, 2009 under News.
Tags: Bailout, China Foreign Exchange Trade System, Currencies, Currency Trading, Dollar, Forex, Forex Market, Forex Trading, Global economic growth, Global Recession, Yuan
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Asian Currencies Fall, Led by Won, as Economic Concerns Mount
By Kim Kyoungwha and Clarissa Batino
Dec. 23 (Bloomberg) — Asian currencies weakened, led by South Korea’s won, on concern a deepening global recession will hurt regional exports and prompt international investors to shun emerging-market assets.
Most Asian currencies fell as Taiwan reported a record slide in export orders for November and economists forecast a U.S. government [...]
Posted: December 23rd, 2008 under News.
Tags: ABN Amro Bank, Asian Currencies, Global Recession, India's currency. dollar, Korea's won, Kospi stock Index, peso, Ringgit, Shinhan Bank, The Central Bank of the Republic of China, Vishnu Varathan, Yen, Yuan
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China’s Yuan Is ‘Spanner in Works’ at Paulson Talks
By Li Yanping and Dune Lawrence
Dec. 4 (Bloomberg) — U.S. Treasury Secretary Henry Paulson is pressing for a stronger yuan at talks that started in Beijing today, just three days after the currency’s biggest drop since the nation scrapped a fixed exchange rate in 2005.
Posted: December 4th, 2008 under News.
Tags: China, Chinese Assets, export market, Fixed Exchange rate, Obama, Yuan
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Yuan Trades Near Five-Month Low as China Seeks to Boost Exports
By Judy Chen and Belinda Cao
Dec. 3 (Bloomberg) — China’s yuan traded near the lowest in more than five months, falling by the 0.5 percent limit from the daily reference rate, on speculation policy makers favor a weaker currency to support exports.
Posted: December 3rd, 2008 under News.
Tags: currency, Dollar, exchange-rate, reference rate, speculation, Yuan
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Asian Currencies Weaken After China Says Manufacturing Shrank
By Kim Kyoungwha
Dec. 1 (Bloomberg) — Asian currencies declined, led by Indonesia’s rupiah and Singapore’s dollar, as a record contraction in China’s manufacturing damped the outlook for the region’s economic growth.
Posted: December 1st, 2008 under News.
Tags: Asian Currencies, China, Economic Growth, Japan, Rupiah, Singapore dollar, Yuan
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